LONDON--(BUSINESS WIRE)--Technavio
analysts forecast the global agriculture planting and seeding equipment
market to grow at a CAGR of more than 6% during the forecast period,
according to their latest market research report. The growth momentum of
the market is expected to accelerate in the year-over-year growth.

The increasing popularity of automatic agriculture machines for planting
and seeding is one of the major trends being witnessed in the global
agriculture planting and seeding equipment market 2018-2022.
Mechanical agriculture equipment is losing its charm against the
automatic agriculture machines for planting and seeding because of its
rising popularity. This is due to the increasing acceptance of automatic
agriculture machines for planting and seeding that allows the farmers a
better and optimized sowing season, along with increased profitability
from the agriculture land. This has, thus, increased the popularity of
automatic seeding and planting equipment in the market.

According to Technavio analysts, one of the key factors contributing to
the growth of the global agriculture planting and seeding equipment
market is the reduction in labor costs due to the use of agriculture
machines for planting and seeding:

Global agriculture planting and seeding
equipment market: Reduction in labor costs due to the use of agriculture
machines for planting and seeding

Technologically advanced agriculture equipment is being widely adopted
by farmers in place of the traditional labor-intensive jobs in the
agriculture field because it encourages the farmers by rapidly
increasing labor wages coupled with growing labor scarcity caused by the
shift of workers from the agriculture sector to the other
non-agriculture sector. Thus, the adoption of agriculture machines for
planting and seeding aids in significantly reducing labor costs and
simultaneously increasing the overall efficiency.

According to a senior analyst at Technavio, “The use of agriculture
machines such as the tractor operated Zero-Till Seed-Cum-Fertilizer
Drill allows farmers, on an average, to save 50%-60% of the time and
40%-50% of the cost. This agriculture machine costs about USD 530 to USD
630 in the Indian subcontinent and the use of this agriculture equipment
allows the farmer to save up to USD 20 per hectare per hour in costs.”

The global agriculture planting and seeding equipment market research
report provides market segmentation by product (seed drills, planters,
and air seeders) and by region (the Americas, EMEA, and APAC). It
provides an in-depth analysis of the prominent factors influencing the
market, including drivers, opportunities, trends, and industry-specific
challenges.

EMEA held the largest share of the market in 2017, accounting for more
than 39% share. It was followed by the Americas and APAC respectively.
The dominance of EMEA can be attributed to the reduction in labor costs
due to the use of agriculture machines for planting and seeding and
growth of mechanization in agriculture.

Technavio’s sample reports are free of charge and contain multiple
sections of the report such as the market size and forecast, drivers,
challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem

Market characteristics

Market segmentation analysis

Market Sizing

Market definition

Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison

Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered

Vendor classification

Market positioning of vendors

Competitive scenario

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